Prepping for Long Term Travel : Savings Breakdown for Second Quarter

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Savings Breakdown for Second Quarter

From when I made the decision to start prepping for long term travel (August 2013) until I leave (October 2014) is roughly 14 months.  A few months ago, I decided to start doing a quarter breakdown to show exactly how I’m saving money.

Ever since I started selling items, I’ve kept a spreadsheet on where I sold the item, what I sold, how much I got for it and how much was accounted in for in the bank-the spreadsheet I use is pretty basic, but it does the job.

After the first quarter, I had saved just under $5k which I was ecstatic about.  In double the time, I have over doubled the amount as well.  The first quarter consisted of mostly selling items, while this second quarter came mostly from setting aside money from paychecks, tax returns and bonuses.

I really haven’t sold anything else since my last breakdown.  All my time has been focused on working, earning extra money through odd jobs, and blogging.

I will be having a couple garage sales in the coming months as the weather gets nicer that should bring in some more money.  I also will get to start putting more into savings since I sold my vehicle and won’t be paying a payment or insurance anymore.

Here’s the breakdown of where exactly I’m able to pull savings in from.  While a decent amount has come from some unexpected places like work bonuses and not everyone has those opportunities, a large chunk still is coming from selling items on Craiglist, etc. which means almost anyone has the capability to make extra money for traveling.

Before I started planning for long term travel, I had ZERO money in savings, had a large amount of debt, and lived paycheck to paycheck – literally only able to make minimum payments with barely enough money to live off of.

My point is if I can be at this point six months after living that way, you can be too.  

Saving for Long Term Travel

 

Any tips on how I can earn extra money?  How do you think I’m doing considering I’m not even to the halfway point of my departure date?

Ashley is the mastermind behind A Southern Gypsy, a travel blog focused adventure, outdoors, wildlife and Vegan food! In between bigger trips, she is delivering the best of her hometown, Nashville. Hates mustard & pickles. Needs coffee to function. Other passions | activism, minimalism, zero waste, books + writing.

9 Comments

  1. Syd

    March 11, 2014 at 1:43 PM

    I think you’re doing extraordinarily well! Especially since you are planning to go to SE Asia, where money will last. Just FYI, I’ve blown through almost 4K of savings in 10 weeks of extremely tight budget travel in New Zealand (this includes plane tickets to South America and buying a car, which hopefully I will get money back on, but still, eek! food is expensive here!) So, I guess, you can never save too much!

    • Ashley Hubbard

      March 12, 2014 at 8:48 AM

      You’re right…I’d rather have way more than I need. Just means I can continue on somewhere else afterwards without worrying about making money.

  2. Lauren

    March 11, 2014 at 9:08 PM

    Great tips! I’m looking to plan for more travel in my life, so these are wonderful tips that you’re sharing!

  3. Milene

    March 15, 2014 at 6:19 AM

    I wish I had done this about a year ago haha… I’m not much of a money saver thus have to work wherever I am. Even though I made it up to here I would’ve loved to be money-worry-free and would have been able to have travelled a little bit more by here, but well that are the choices I have made, unfortunately! Anyway, you go girl! It looks great and I’m sure in October 2014 you are ready to travel around the world without having to worry too much about money 🙂 Besos!

  4. mark

    March 15, 2014 at 8:59 PM

    couchsurf, teach esl, get on woofing, do some freelance writing, rent your place out on airbnb, lots of ways hahah were trying to figure that out now as well

  5. Emily from Let's Roam Wild

    April 4, 2014 at 1:28 PM

    Just found your blog and reminds me of…me! Going to do some exploring so I apologize if you’ve answered this somewhere else, but I’m in very similar planning stages. How much are you hoping to save? Are you also planning to work while you’re abroad?

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